05/04/2025
On April 2, President Trump announced a series of steep new tariffs, including a 24% tariff on Japan, a 26% levy on India, and a 49% tariff on Cambodia.
These come along with a 10% baseline tariff for all countries, set to take effect on April 9th. For context, many of the world’s largest economies have average trade weighted tariff rates below 5%.
This graphic shows the trade weighted average tariff rates of major economies, based on data from the World Trade Organization.
